Karnataka government has announced to have attracted investments totaling INR 25,000 crore across the entire EV value chain, according to M B Patil, the Large and Medium Industries Minister.
He further mentioned that an additional INR 15,000 crore is anticipated to be invested in research and development within the sector.
The investments cover various aspects, including battery manufacturing, component production, original equipment manufacturing (OEMs), and charging infrastructure.
Karnataka currently ranks as the third-highest state in India with around 200,000 registered EVs. It is home to over 7 auto OEMs, 50 auto component manufacturers, and more than 45 EV startups, creating significant employment opportunities.
The state has also partnered with companies like Tata Technologies and Siemens to ensure a skilled workforce.
The newly inaugurated Electric Vehicle Mobility Centre of Excellence & Innovation at JSS Academy of Technical Education in Bengaluru will play a crucial role in advancing the state’s transportation goals by offering training, research, and innovation opportunities in the EV sector.